October crude rose $1.20 or 1.63 percent, to settle at $74.86 a barrel (October crude contract expires on Tuesday). TSX energy index is up about 1% 1 hour before market close.

CLL share price generated the technical sell signal on the hourly and daily charts which trigger the rush of selling orders pushing the price to day low at $1.19. It looks like we will close at $1.21/$1.22.

Something is very wrong here. Last week bitumen prices dropped to about $36/$37 bbl which means that if you include the interest expenses Connacher is selling their bitumen below the cost.